Why is Jyoti Resins falling/rising?

As of 17-Sep, Jyoti Resins and Adhesives Ltd is experiencing a decline in its stock price, currently at 1,275.65, reflecting a change of -1.7 or -0.13%. The stock has underperformed its sector by 1.12% today, with a delivery volume that has significantly decreased by 67.75% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has gained 0.49%, but it has seen a decline of 2.93% over the past month and a substantial drop of 12.24% over the last year. The company has reported flat results for June 25, with operating profit to net sales at its lowest and a decrease in profit before tax and profit after tax compared to previous quarters. Despite a healthy long-term growth rate in net sales and operating profit, the stock's high valuation and low domestic mutual fund interest suggest investor concerns.
In the broader market context, the stock's short-term performance of +0.49% over the past week is notably lower than the benchmark Sensex, which has risen by 1.56% in the same period. The stock has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -3.53% compared to the Sensex's gain of 5.83%. This consistent underperformance, coupled with the company's high price-to-book value ratio and low investor confidence, contributes to the negative sentiment surrounding Jyoti Resins and Adhesives Ltd.